A borrows ` 5,000 from B to purchase a revolver to shoot C. Can B reco – McqOptions

MCQOPTIONS

1.	A borrows ` 5,000 from B to purchase a revolver to shoot C. Can B recover his loan of ` 5,000, assuming that B knows the purpose of the loan.
A.	yes, the agreement between them is valid and enforceable
B.	no, the agreement is opposed to public policy
C.	no, the agreement is a voidable agreement and can be avoided by A
D.	no, the agreement falls under section 23 and hence illegal
Answer» E.

Discussion

No Comment Found

Related MCQs

A set of principles and expectations that are considered binding on any person who is member of a particular group is known as -
The visual presentation of the ranking of work sites in a factory based on the number of accidents reported from each site is called
Which of the following involves redesigning of equipment, machinery and material for the safe performance of the jobs?
When the people involved in the process comprehend unlikable results from their interactions with the environment, it is specifically called
Under a contract the seller is required to insure the goods, deliver them to the shipping company, and arrange for their affreightment.
In case of conflict of jurisdiction of the courts, the incidence of a contract shall be governed by the law of the place where the :
The test of .. is whether the person is capable of understanding the business concerned and its implications.
Section 2(b) defines, "When the person to whom the proposal is made, signifies his assent thereto, the proposal is said to be accepted. A proposal when accepted becomes a/an
When the consent of a party to a contract has been obtained by undue influence, fraud or misrepresentation, the contract is
Each party to a contract is bound to perform his part of the obligation. After the parties have made due performance of the contract comes to an end. In such a case the contract is said to be discharged :